RIBO Practice Questions (100% Errorless Answers)

if loss exceeds dollar amount correct answers deductible disappears if snowmobile sinks through the ice, covered by correct answers all perils QC compulsory insurance correct answers provided by provincial and federal governments bill 59 correct answers $15,000 deductible for pain and suffering office equipment floater correct answers used for office-only risks, but not for dentist or doctor's offices boiler and machinery clause correct answers includes free inspection service as part of an accident prevention program frequent travel to the US correct answers annual plan for traveling Canadians what is equipment correct answers machinery, fixtures, utensils, appliances mortgagor is similar to a correct answers lessee all terrain vehicle that needs special endorsement correct answers OPCF 32 minimum 3rd party liability limit correct answers $200,000 insuring agreement does not describe correct answers policy period extended coverage endorsements do not cover correct answers earthquake damage coverage for remodeling and repairing customer fur correct answers furrier's block who is insured under OAP 1? correct answers anyone who drives with insureds' consent standard mortgage policy correct answers insurer could pay less to mortageee even though insurer violated policy insurance with standard fire correct answers effective 12:01 standard time, address of insured bailee correct answers responsible for damage to owner's property unless bailee can prove damage was not caused by bailee's negligence RIBO discipline committee must notify broker within correct answers 2 weeks consequential loss insurance correct answers not an example of BI insurance